Power Net Borrowings vs Net Income Analysis
POW Stock | 14.13 0.87 5.80% |
Power Metal financial indicator trend analysis is much more than just breaking down Power Metal Resources prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Power Metal Resources is a good investment. Please check the relationship between Power Metal Net Borrowings and its Net Income accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Power Metal Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
Net Borrowings vs Net Income
Net Borrowings vs Net Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Power Metal Resources Net Borrowings account and Net Income. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Power Metal's Net Borrowings and Net Income is 0.42. Overlapping area represents the amount of variation of Net Borrowings that can explain the historical movement of Net Income in the same time period over historical financial statements of Power Metal Resources, assuming nothing else is changed. The correlation between historical values of Power Metal's Net Borrowings and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Borrowings of Power Metal Resources are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Net Borrowings i.e., Power Metal's Net Borrowings and Net Income go up and down completely randomly.
Correlation Coefficient | 0.42 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Net Borrowings
The difference between the amount of new debt a company has taken on and the amount of debt it has paid off during a given period.Net Income
Net income is one of the most important fundamental items in finance. It plays a large role in Power Metal Resources financial statement analysis. It represents the amount of money remaining after all of Power Metal Resources operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Most indicators from Power Metal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Power Metal Resources current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Power Metal Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis. As of November 29, 2024, Selling General Administrative is expected to decline to about 30.8 K. In addition to that, Discontinued Operations is expected to decline to about (5.2 M)
Power Metal fundamental ratios Correlations
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Power Metal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Power Metal fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.6M | 2.7M | 6.3M | 14.6M | 15.4M | 137.8K | |
Total Current Liabilities | 66K | 277K | 317K | 850K | 885K | 49.4K | |
Total Stockholder Equity | 1.8M | 2.7M | 6.3M | 11.7M | 13.6M | 88.4K | |
Net Debt | (171K) | (913K) | (1.3M) | (1.6M) | (1.1M) | (27.3K) | |
Retained Earnings | (19.5M) | (20.9M) | (21.5M) | (23.7M) | (24.3M) | (7.4K) | |
Accounts Payable | 20K | 24K | 250K | 686K | 343K | 49.4K | |
Cash | 171K | 913K | 1.3M | 1.6M | 1.1M | 24.7K | |
Cash And Short Term Investments | 171K | 913K | 1.5M | 3.9M | 8.3M | 24.7K | |
Liabilities And Stockholders Equity | 1.6M | 2.7M | 6.3M | 14.6M | 15.4M | 137.8K | |
Total Liab | 66K | 277K | 317K | 850K | 885K | 49.4K | |
Total Current Assets | 203K | 1.0M | 1.8M | 5.4M | 9.0M | 137.8K | |
Common Stock | 6.8M | 7.3M | 7.7M | 8.1M | 8.5M | 95K | |
Other Current Liab | 253K | 67K | 164K | 488K | 561.2K | 589.3K | |
Non Current Assets Total | 1.6M | 4.5M | 9.2M | 6.4M | 7.4M | 5.2M | |
Common Stock Shares Outstanding | 27.9M | 54.0M | 72.9M | 92.1M | 105.9M | 111.2M | |
Other Current Assets | 35K | 224K | 1.3M | 641K | 737.2K | 774.0K | |
Other Stockholder Equity | 14.9M | 18.4M | 23.3M | 29.3M | 33.7M | 35.4M | |
Accumulated Other Comprehensive Income | 1.4M | 1.6M | 4.1M | 1.8M | 2.1M | 2.2M | |
Non Currrent Assets Other | (156K) | 179K | 2.4M | 7.2M | 8.3M | 8.7M | |
Intangible Assets | 156K | 800K | 7.1M | 4.9M | 4.5M | 3.1M | |
Net Receivables | 75K | 104K | 123K | 31K | 35.7K | 62.5K | |
Net Tangible Assets | 654K | 2.5M | 5.5M | 4.6M | 5.2M | 5.5M | |
Net Invested Capital | 2.7M | 6.3M | 11.7M | 13.6M | 15.6M | 16.4M | |
Net Working Capital | 746K | 1.5M | 4.6M | 8.1M | 9.3M | 9.7M | |
Capital Stock | 7.3M | 7.7M | 8.1M | 8.5M | 9.8M | 8.3M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Power Stock
Balance Sheet is a snapshot of the financial position of Power Metal Resources at a specified time, usually calculated after every quarter, six months, or one year. Power Metal Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Power Metal and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Power currently owns. An asset can also be divided into two categories, current and non-current.